Having bought in HOA buildings, I will never do it again.

Having said all of that I will finish by saying finding qualified trustworthy people to help build your business is very important.

@Clayton Silva Would you mind sharing more details around how he gets adu build cost that low?

Can I 1031 the 1 commercial (cannabis) retail building and purchase 20 SFR?

I currently own a retail building I purchased years ago. 3 years left on the loan with a sub 4% interest rate.

They need positive cashflow to help them build/maintain reserves for the downtimes.

Real estate is a long game, and while appreciation is a powerful tool for wealth building, it should be balanced against the immediate financial realities and the market's future outlook.I hope this helps!

.+ yes, that was also my initial reservation: a house that is filled with a bunch of beds is not a very interesting space.thank you for sharing that this isn't necessarily a mistake or the wrong way to go to build it out with a focus on design/experience more than utility.

@Marco Werner Be sure to analyze the total cost for building the ADU vs. the amount of rent you can get.

If so, I would also start building your investor database and talking with as many as possible.